Download a copy of this article: On 12th May 2020, I received a rare call from one of the bank executives. He wanted to ‘pick my mind’ about the NSSF’s briefing to the Minister of Finance, Planning and Economic Development over the implications of the proposal to require NSSF to pay 20% to members. According to NSSF, the proposal has implications that could distress the NSSF as a retirement scheme and the economy. My take is NSSF should pay highly affected members first, gradually pay other members. Below, I show how this is possible. The objective of saving is to…
Appreciate your family to improve it
The family is where the human bond is honest A story puts it that a mother lost her soldier son and the news of his death came to her in dispatches from the war. He had died while fighting nobly at the head of his regiment. His mother was disconsolate. ‘If only I could see him again just for five minutes.’ An angel heard her prayer. ‘For five minutes’, said the angel, ‘you will see him’. ‘Quick, quick,’ said the mother, her tears turned to momentary joy. ‘Yes’, said the angel, ‘but think a little. He was a grown man…
